The abrupt market downturn highlights the fragility of tech and crypto sectors 
to macroeconomic shifts, potentially altering investment strategies.
The post Wall Street ends nine-week winning streak as tech stocks plunge 
appeared first on Crypto Briefing.

The abrupt market downturn highlights the fragility of tech and crypto sectors to macroeconomic shifts, potentially altering investment strategies. The post Wall Street ends nine-week winning streak as tech stocks plunge appeared first on Crypto Briefing.

Wall Street ends nine-week winning streak as tech stocks plunge

Rising rates and strong job growth shift market expectations, impacting tech 
stocks and crypto, highlighting vulnerabilities in growth-dependent sectors.
The post NASDAQ Composite drops 4% as Wall Street reacts to strong jobs report 
and rising rates appeared first on Crypto Briefing.

Rising rates and strong job growth shift market expectations, impacting tech stocks and crypto, highlighting vulnerabilities in growth-dependent sectors. The post NASDAQ Composite drops 4% as Wall Street reacts to strong jobs report and rising rates appeared first on Crypto Briefing.

NASDAQ Composite drops 4% as Wall Street reacts to strong jobs report and rising rates

Escalating tensions in the Persian Gulf could destabilize global oil markets, 
impacting energy costs and causing volatility in crypto markets.
The post IRGC targets US bases in Kuwait and Bahrain after American strikes on 
Sirik and Qeshm appeared first on Crypto Briefing.

Escalating tensions in the Persian Gulf could destabilize global oil markets, impacting energy costs and causing volatility in crypto markets. The post IRGC targets US bases in Kuwait and Bahrain after American strikes on Sirik and Qeshm appeared first on Crypto Briefing.

IRGC targets US bases in Kuwait and Bahrain after American strikes on Sirik and Qeshm

Strategy’s CEO rejected rumors that the company’s bitcoin strategy has 
changed, reaffirming its goal of increasing both net bitcoin holdings and 
bitcoin per share. His comments aligned with Michael Saylor’s continued 
bullish outlook on BTC. Strategy’s Bitcoin Sale Sparks Questions About Long- 
Term BTC Growth Strategy (Nasdaq: MSTR) faces a key market question after its 
bitcoin […]

Strategy’s CEO rejected rumors that the company’s bitcoin strategy has changed, reaffirming its goal of increasing both net bitcoin holdings and bitcoin per share. His comments aligned with Michael Saylor’s continued bullish outlook on BTC. Strategy’s Bitcoin Sale Sparks Questions About Long- Term BTC Growth Strategy (Nasdaq: MSTR) faces a key market question after its &#8230;

Strategy Affirms Mission to Grow Net Bitcoin as CEO Shuts Down Rumors

Bitcoin&#8217;s bearish structure over the past few weeks has raised clear concerns 
about the flagship cryptocurrency’s future. Amid these concerns are 
speculations concerning its trajectory, some of which point to bottoms as low 
as $25,000. However, an on-chain analyst recently took to the social media 
platform X to explain why Bitcoin’s fall to $25,000 is an unlikely scenario in 
its current cycle. Electrical Cost Model Points To Potential Bitcoin Bottom In 
a June 6 post on X, crypto analyst Ted Pillows implied that the Bitcoin price 
might see further declines before a definitive bear market bottom is 
established. This conjecture is based on the Bitcoin Electrical Cost model. 
For context, the model estimates Bitcoin&#8217;s fundamental production costs by 
measuring the electricity required to mine new BTC. Because mining operations 
tend to consume substantial amounts of energy, the metric is often used as a 
proxy for Bitcoin&#8217;s inherent value. This is because it represents the minimum 
price at which miners can sustainably operate over the long term. Related 
Reading: Analyst Who Predicted the Bitcoin Crash Says Price Could Reach 
$40,000, Here’s When In line with historical data, Pillows explained that 
Bitcoin bear markets have never fallen below this Electrical Cost, despite the 
severe drawdowns seen during these periods. On the contrary, bear markets have 
often found bottoms near this crucial price level. Pillows pointed out that 
Bitcoin&#8217;s current Electrical Cost sits at approximately $48,694 — a threshold 
still somewhat far from Bitcoin&#8217;s current market price. According to the 
analyst, this suggests that the BTC price could find support near $50,000 if 
the current downturn continues. However, Pillows highlighted a caveat in this 
analysis, stating that it would take an extraordinary global event for this 
support zone to be broken. In the event that the world is hit by a recession 
or a pandemic as severe as COVID, the Bitcoin price could temporarily fall 
below its estimated production cost due to panic-driven sales. Silent BTC 
Accumulation On Binance Underway As Outflows Steadily Climb In a Quicktake 
post on CryptoQuant, analyst CryptoOnchain highlighted an interesting 
contradiction ongoing within the Bitcoin market. According to the on-chain 
analyst, BTC accumulation events have been underway on Binance. The analyst 
noted that technical indicators — notably, the RSI (14) and the EMA50/200 — 
are telling a clearly bearish story. RSI readings, for example, have fallen to 
extreme levels near 6.4, and the EMA50/200 currently displays a “Death Cross” 
pattern. At the same time, Binance’s Exchange Netflows reads as negative 
(-0.58σ), indicating that Bitcoin is leaving Binance consistently—an event 
that further suggests its holders are accumulating BTC rather than simply 
panic-selling. But then CryptoOnchain explained that the unignorable threat of 
a long squeeze still looms, given the high Open Interest. As of this writing, 
the price of BTC stands at around $602,388, reflecting an almost 3% jump in 
the past 24 hours. Related Reading: Bitcoin Testing A Critical Support After 
Sharp Market-Wide Selloff Featured image from iStock, chart from TradingView

Bitcoin&#8217;s bearish structure over the past few weeks has raised clear concerns about the flagship cryptocurrency’s future. Amid these concerns are speculations concerning its trajectory, some of which point to bottoms as low as $25,000. However, an on-chain analyst recently took to the social media platform X to explain why Bitcoin’s fall to $25,000 is &#8230;

Bitcoin’s “Electrical Cost” Suggests Possible Bear Market Floor Near $50,000 — Analyst

Accelerated AI adoption in national security could enhance defense 
capabilities but raises concerns about ethical use and international AI 
competition.
The post White House accelerates AI development for national security 
applications appeared first on Crypto Briefing.

Accelerated AI adoption in national security could enhance defense capabilities but raises concerns about ethical use and international AI competition. The post White House accelerates AI development for national security applications appeared first on Crypto Briefing.

Wall Street ends nine-week winning streak as tech stocks plunge

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